MonitorPlan n/a · Option n/aWatch before adding
ICICI Prudential Long Term Wealth Enhancement Fund
ICICI Prudential Mutual FundClose Ended Schemes(ELSS8.6 years
- NAV
- 28.99
- 29 Oct 2026
- 1Y
- -8.8%
- Trailing CAGR
- AUM
- ₹2.53 Cr
- 30 Jun 2026
- Volatility
- High
- 17.0% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Fits if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer SBI Long Term Advantage Fund - Series V if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
8.6 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
n/a
TER not on file yet.
Drawdown vs peers
Watch
Peak-to-trough -39.5%. Ask whether you can hold through a similar fall.
Vs category
Fail
38% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / lock-in
Watch
ELSS locks each installment for 3 years. Useful only if 80C is open on the old regime - otherwise locked equity.
Portfolio concentration
n/a
Holdings weights not on file for this scheme yet.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 40%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
ELSS lock-in
Every installment locks for 3 years. Only useful if 80C is still open on the old regime - otherwise it is locked equity, not a tax cut.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-8.8%
- 3Y+12.6%
- 5Y+11.7%
- 10Yn/a
- SI+13.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-5.8%
- 3Y+2.3%
- 5Y+10.0%
- 10Yn/a
- Since inception
- +13.2%
- Calendar-day CAGR
- Excess 1Y
- -10.7%
- Category median, same plan and option
- 3Y win rate
- +38%
- Windows beating the median
- 3Y percentile
- 43
- Vs comparable share classes
- SIP 3Y XIRR
- +2.3%
- Simulated monthly SIP
- Worst rolling 3Y
- +6.1%
- 1381 daily-ending windows
- Median rolling 3Y
- +19.3%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 886 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -39.5%
- Worst peak-to-trough
- Current
- -9.7%
- Below last peak
- Current spell
- 337 days
- Days below latest peak
- Time below peak
- +86%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 14 days
- 106 recovered episodes
- Longest recovery
- 256 days
- Trough to prior peak
20 Feb 2020 – 4 Dec 2020
Trough 23 Mar 2020 · recovered in 256 days
-39.5%
27 Sept 2024 – 27 Oct 2025
Trough 4 Mar 2025 · recovered in 237 days
-18.9%
26 Nov 2025 – open
Trough 30 Mar 2026 · not recovered
-15.9%
10 Nov 2021 – 1 Aug 2022
Trough 7 Mar 2022 · recovered in 147 days
-15.9%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
43
Vs category
0
Consistency
45
Risk-adjusted
49
Drawdown
1
Mean
28
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Maximum drawdown exceeded 35%.
Supporting reads
No supporting reads in the current evidence set.
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
SBI Long Term Advantage Fund - Series V
SBI Mutual Fund
- 1Y
- -4.1%
- 3Y
- +19.6%
- Vol
- 16.2%
- Max DD
- -35.8%
- Sharpe
- 0.56
- 3Y win
- +41%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Sundaram Long Term Tax Advantage Fund Series I (10 years)
Sundaram Mutual Fund
- 1Y
- +8.1%
- 3Y
- +13.6%
- Vol
- 16.5%
- Max DD
- -38.4%
- Sharpe
- 0.43
- 3Y win
- +39%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
BANK OF INDIA MID CAP TAX FUND SERIES 1
Bank of India Mutual Fund
- 1Y
- +3.7%
- 3Y
- +14.6%
- Vol
- 17.3%
- Max DD
- -35.9%
- Sharpe
- 0.49
- 3Y win
- +51%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility
ICICI Prudential R.I.G.H.T (Rewards of Investing & Generation of Healthy Tax-Savings) Fund
ICICI Prudential Mutual Fund
- 1Y
- -7.0%
- 3Y
- +6.4%
- Vol
- 13.4%
- Max DD
- -23.3%
- Sharpe
- 0.67
- 3Y win
- +95%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Lower trailing returns
SBI Long Term Advantage Fund - Series IV
SBI Mutual Fund
- 1Y
- -11.2%
- 3Y
- +6.2%
- Vol
- 15.1%
- Max DD
- -34.4%
- Sharpe
- 0.75
- 3Y win
- +64%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Lower trailing returns